Mailbag

Mailbag

Letters to Barron's about a need for a defensive portfolio strategy, the Icelandic solution to a banking crisis, the performance of wealth-management firms, and comparisons of middle-class comfort now and in the 1950s.

September 28, 2013

Getting on Defense

To the Editor: In the Sept. 16 interview, "Why a Pro Likes Apache, Southwest, and Kohl's," John D. Linehan said he wouldn't be surprised to see stocks sell off in the near future by as much as 20%. But he offered not even a minimal defensive strategy. So, are we to just sit here and watch our portfolios lose ground? Based on Linehan's 7.5% average annual performance, it would take him at least four years to get...